Transcript

00:00:00

nnnnn and taylor is getting married to the retailer professionally casual attire for women getting a buyout offer monday from a center retail group for more than two billion dollars as the to try to fight back against the onslaught of chic stylish clothing from international competitors hated them zara and uniqlo ungodly games in new york if the deal is completed it creates the largest specialty retailer catering to women now astetta already has some food , fast with largest size consumers with this lane bryant store and also with budget conscious consumers with dressbarn you can now at the loft and and talent to that which caters to professional women , and shops have been struggling to connect with his core female shopper for at least a year it began exploring options to sell itself last summer after shareholders complained about sagging sales and a sagging stock price but and not alone in its struggles many apparel retailers are not seeing the bump up in sales it should be happening with hiring on the rise and lower gas prices , leaving them vulnerable to competition from cheaper sales tax and no other choice but to cut costs , proposed merger expected to save a hundred and fifty million dollars a year shareholders calling for action seemed pleased and tele stock surging almost twenty percent